Two Fed Dissenters Air Their Opposing Views

TODAY: Dec. 20, 2014 PUB DATE: Dec. 20, 2014

By Michael S. Derby Federal Reserve officials sparred Friday over whether the central bank is likely to move too soon or wait too long to raise interest rates. The presidents of the Minneapolis and Philadelphia regional Fed banks both dissented ...

U.K. Police Arrest Man in Forex Market Manipulation Probe -- Update

TODAY: Dec. 20, 2014 PUB DATE: Dec. 20, 2014

By Jenny Strasburg British police arrested a man Friday morning at his suburban home east of London in connection with the government's probe into rigging of the foreign-exchange markets, according to a person familiar with the matter. It was the ...

Deutsche Telekom in Talks to Sell T-Online to Springer - Report

TODAY: Dec. 20, 2014 PUB DATE: Dec. 20, 2014

FRANKFURT--Germany's Deutsche Telekom AG (DTE.XE) is in initial talks to sell Internet service provider T-Online to media company Axel Springer SE (SPR.XE), German magazine Wirtschaftswoche reports Saturday, citing company sources. Executives of both companies have met to discuss such a ...

Top Schools Heat Up Beijing Property Market

TODAY: Dec. 20, 2014 PUB DATE: Dec. 20, 2014

By Esther Fung BEIJING--China's housing market may be in the doldrums, but prices of homes in Beijing's coveted school districts are red hot. And parents go to great lengths to get one. A medical-equipment salesman was putting up "wanted" posters ...

U.S. Levels New Sanctions on Crimea, Putin Supporters

TODAY: Dec. 20, 2014 PUB DATE: Dec. 20, 2014

By William Mauldin The U.S. on Friday expanded its Russia sanctions to include a motorcycle group favored by Russian President Vladimir Putin as well as individuals and entities linked to the pro-Russian separatist movement in Ukraine. The Treasury Department added ...

New Zealand ANZ Dec Business Confidence Still Elevated Despite Slip

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand business confidence remains elevated despite a slip in December, according to ANZ Bank's business outlook survey. A net 30.4% of respondents in the monthly survey expected business conditions to improve over the next ...

European Stocks Climb Higher - 2nd Update

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks continued to rally Friday, mirroring a sharp surge on Wall Street Thursday, spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. The Stoxx Europe 600--having already ...

European Stocks Climb Higher

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

European stocks continued to rally in early trading Friday, mirroring a sharp surge on Wall Street Thursday amid buying spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. The Stoxx Europe ...

Dutch Government Reaches Agreement on Health Care Plans

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Robin van Daalen AMSTERDAM--Following days of meetings the Dutch government late Thursday reached an agreement on changes to a health care overhaul which it hopes to get support for and implement. "The cabinet is confident that it has found ...

Belarus Slaps 30% Fee on Currency Exchanges

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

MINSK, Belarus (AP)--Belarus has imposed a 30% fee on any currency exchange transactions in an effort to contain any panic that has spilled over from neighboring Russia. The Belarusian National Bank announced Friday that it was imposing the fee for ...

German November Producer Prices Unchanged on Month

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Emese Bartha FRANKFURT--Germany's producer prices surprised on the upside in November as energy prices remained unchanged from October, data from the Federal Statistics Office showed on Friday. Producer prices in Europe's largest economy were stable on the month in ...

French Dec Business Sentiment Stable

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

PARIS--French business confidence in manufacturing was stable in December, French statistics agency Insee said Friday. The confidence reading in December was 99, unchanged from November, Insee said. Business leaders said their foreign order books were stronger while their outlook for ...

European Stocks Remain Volatile -- 4th Update

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks remained volatile Friday, with investors weighing the prospect of more monetary stimulus in Europe against the threat of political upheaval in Greece as well as the Russian currency crisis. Having opened the day higher, mirroring ...

Fed Creating Downside Risks for Inflation, Kocherlakota Says

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

NEW YORK--One of men who cast a dissenting vote at this week's Federal Reserve policy meeting said Friday the U.S. central bank is playing an increasingly risky game that could lead to further declines in already weak inflation. The official, ...

Bank of Mexico Unanimous in Holding Interest Rates

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

MEXICO CITY--The Bank of Mexico was unanimous in its decision to leave interest rates unchanged early this month, with members agreeing risks had increased for economic growth and inflation, and noting inflation risks if the peso extends its recent slide ...

British GDP Likely to Get Upwards Revision

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Jon Sindreu LONDON--Economists predict the growth in the U.K. economy during the third quarter will appear more robust than previously thought when final gross domestic product figures are published this coming week. Analysts polled by The Wall Street Journal ...